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ARTICLE · 26 SEPTEMBER 2019

Legislative Update - September/October 2019

Jones Day
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On August 23, 2019, President Trump signed into law four pieces of bankruptcy legislation designed to help financially distressed small businesses, disabled veterans, National Guard and reservists, and family farmers.

United StatesInsolvency/Bankruptcy/Re-Structuring
Mark Douglas
Mark Douglas
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On August 23, 2019, President Trump signed into law four pieces of bankruptcy legislation designed to help financially distressed small businesses, disabled veterans, National Guard and reservists, and family farmers. Those laws are the "Small Business Reorganization Act of 2019," Pub. L. 116-54, 133 Stat 1079 (Aug. 23, 2019) (H.R. 3311) (the "SBRA"); the "Honoring American Veterans in Extreme Need Act of 2019," Pub. L. 116-52, 133 Stat 1076 (Aug. 23, 2019) (H.R. 2938) (the "HAVEN Act"); the "National Guard and Reservists Debt Relief Extension Act of 2019," Pub. L. 116-53, 133 Stat 1078 (Aug. 23, 2019) (H.R. 3304) (the "NGRDREA"); and the "Family Farmer Relief Act of 2019," Pub. L. 116-51, 133 Stat 1075 (Aug. 23, 2019) (H.R. 2336) (the "FFRA"). The bipartisan bills passed the U.S. House of Representatives in late July and the U.S. Senate on August 1, 2019.

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